WELD COUNTY — For the 20th year, real property owners in Weld County will receive a reduction in the mill levy from Weld County government. This has resulted in a reduction of $278 million from Weld County taxpayers.
“The commissioners are proud to be in the financial position to continue to offer a mill levy reduction for real property owners in Weld County,” said Commissioner Chairman Douglas Rademacher. “We are particularly proud of this following the devastating floods last September. Weld County had enough funds in reserve to get the county back on its feet and did not have to go to the taxpayers to ask for additional revenue.”
Along with their annual property tax notices, which were mailed out this month, property owners in Weld County will receive a joint letter from the County Commissioners, Assessor and Treasurer further explaining the benefits residents receive as a result of the reduction.
“This year we included the letter with the notices as a way to draw people’s attention to the savings they incur by owning property in Weld County,” said Weld County Assessor Christopher Woodruff. “It’s great news for our county residents.”
Under the Colorado Constitution, Weld County Government is authorized to impose a maximum mill levy of 22.457. For the past 20 years, the county has not imposed that maximum amount resulting in county residents saving hundreds of millions of dollars over the past two decades. For the eighth consecutive year, the levy will remain under 17 mills.
“Our Commissioners and other county elected officials have been steadfast in their resolve to be fiscally responsible,” said Weld County Treasurer John Lefebvre. “The philosophy has been to request and use only the resources needed to provide essential services, and that philosophy has enabled the county to be debt free and to allow for the lowered mill levy.”
As property owners know, annual tax notices include taxing information from all the taxing authorities, beyond the county mill levy, for a given property. These taxes vary based on the location of the property and the tax authorities associated with that property.